Modeling comparable properties where the subject property is a condominium property

US10984426B2 · kind B2 · utility

Assignee

• Fannie Mae · US

Inventors

• John Treadwell · Washington, US
• Eric Rosenblatt · Derwood, US
• Hamilton Fout · Rockville, US
• Alexei M. Kisselev · Burke, US
• Robert Mealey · Baltimore, US

Key dates

• Filing date: Jun 20, 2011
• Grant date: Apr 20, 2021
• Expiry date: Oct 5, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q50/16
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Modeling appropriate comparable properties for a condo property includes accessing property data, and identifying candidate condo properties in the accessed property data to produce condo property data. A regression is performed using the property data, with the regression modeling the relationship between price and explanatory variables, and the explanatory variables including at least one variable that is specific to condo property assessment. The regression accommodates a modeling of comparable properties, such that a subject condo property and comparable properties may be identified and displayed.